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Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is
Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is $28 per share, which was also the market value of the stock on the grant date. The fair value of the options was estimated at $7.00 per option. |
What would be the total compensation indicated by these options? |
a) | $21.0 million. |
b) | $7.0 million. |
c) | $28.0 million. |
d) | $49.0 million. |
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